The Houston-Sugar Land-Baytown metro accounted for 25 percent of all Texas homes sales during the third quarter; however, the metro’s transaction total only equated to a 1.3 percent year-over-year rise in activity.
- Less than 10 percent of all Houston home sales were valued above $500,000
- Inventory has increased noticeably in the last 12 months
- Year-over-year sales activity was barely adjusted
Get Smarter. Grow Your Referral Network.
Limited seating available for Inman Connect San Francisco
Comments
Related Articles
The Houston real estate industry is holding strong and the opportunities to be a part of the booming activity continue. While many consumers think of getting involved in a real estate transaction only when they are looking for a homestead, the opportunities for investing beyond your primary residence is vast.
Americans who are mindful of building a nest egg now have a new ranking and a new top city to look to for security in their golden years. According to recently published research from personal finance information powerhouse Bankrate, the Houston metro area came out on top as the best place in the country for building household wealth
For investors eyeing the acquisition of single-family rentals, major Texas markets and locales in the South represent the best opportunities for future investments — despite a decrease in the inventory of foreclosed homes.
Roughly 90 percent of housing markets with populations exceeding 100,000 will see home values rise spanning the next 12 to 24 months, according to recent forecasts published by Arch MI and Veros Real Estate Solutions